Cerence, Roivant Sciences fall; Xenon Pharmaceuticals, Shopify rise, Monday, 11/27/2023
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Monday:
Crown Castle Inc. (CCI), up $3.56 to $107.14.
Investment firm Elliott Management is seeking management and board changes at the real estate investment trust.
Cerence Inc. (CRNC), down 51 cents to $16.78.
The automotive artificial intelligence developer reported disappointing fiscal fourth-quarter earnings.
Kraft Heinz Co. (KHC), up 9 cents to $35.03.
The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese announced a $3 billion stock buyback program.
Newmont Corp. (NEM), up 54 cents to $38.13.
The gold producer commenced exchange offers for notes related to its acquisition of Newcrest Mining.
Xenon Pharmaceuticals Inc. (XENE), up $4.42 to $33.39.
Investors were encouraged by the biopharmaceutical company’s update on a potential depression treatment.
Shopify Inc. (SHOP), up $3.16 to $73.51.
The cloud-based commerce company announced a Black Friday record for worldwide sales of $4.1 billion from its merchants.
Roivant Sciences Ltd. (ROIV), down 31 cents to $8.82.
The biopharmaceutical company gave investors a discouraging update on a potential lupus treatment.
Freeport-McMoRan Inc. (FCX), down 46 cents to $36.39.
The copper mining company fell as prices for the base metal slipped.
